Orion Porfolio Solutions LLC Purchases 29,425 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Orion Porfolio Solutions LLC lifted its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 33.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,588 shares of the company’s stock after buying an additional 29,425 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $3,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in Capital Group Short Duration Municipal Income ETF by 26.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock valued at $56,984,000 after buying an additional 454,829 shares during the last quarter. Captrust Financial Advisors lifted its position in Capital Group Short Duration Municipal Income ETF by 19.2% during the 2nd quarter. Captrust Financial Advisors now owns 728,735 shares of the company’s stock worth $19,005,000 after acquiring an additional 117,323 shares during the last quarter. Cetera Investment Advisers lifted its position in Capital Group Short Duration Municipal Income ETF by 8.7% during the 2nd quarter. Cetera Investment Advisers now owns 410,680 shares of the company’s stock worth $10,711,000 after acquiring an additional 32,913 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Capital Group Short Duration Municipal Income ETF by 32.1% during the second quarter. Osaic Holdings Inc. now owns 362,187 shares of the company’s stock valued at $9,445,000 after acquiring an additional 87,994 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Capital Group Short Duration Municipal Income ETF by 64.6% in the third quarter. Jones Financial Companies Lllp now owns 300,279 shares of the company’s stock valued at $7,927,000 after purchasing an additional 117,877 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

Capital Group Short Duration Municipal Income ETF stock opened at $26.51 on Tuesday. The business’s 50-day simple moving average is $26.52 and its 200-day simple moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.0667 dividend. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.0%.

About Capital Group Short Duration Municipal Income ETF

The Capital Group Short Duration Municipal Income ETF (CGSM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively manages a portfolio of US municipal bonds exempt from regular federal income tax. The portfolio is mostly comprised of investment grade debts and the average portfolio duration is expected to be one year. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.